$136.00 Million in Sales Expected for US Ecology, Inc. (ECOL) This Quarter
Equities research analysts expect that US Ecology, Inc. (NASDAQ:ECOL) will post sales of $136.00 million for the current quarter, Zacks reports. Three analysts have provided estimates for US Ecology’s earnings, with the highest sales estimate coming in at $138.00 million and the lowest estimate coming in at $132.40 million. US Ecology reported sales of $124.82 million during the same quarter last year, which would suggest a positive year over year growth rate of 9%. The firm is expected to report its next quarterly earnings report on Thursday, October 26th.
On average, analysts expect that US Ecology will report full year sales of $136.00 million for the current year, with estimates ranging from $497.60 million to $508.70 million. For the next fiscal year, analysts expect that the company will report sales of $532.55 million per share, with estimates ranging from $527.20 million to $537.78 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for US Ecology.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $126.06 million for the quarter, compared to the consensus estimate of $128.38 million. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share.
ECOL has been the subject of a number of analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $60.00 price objective on shares of US Ecology in a report on Wednesday. Stifel Nicolaus raised shares of US Ecology from a “hold” rating to a “buy” rating and upped their price objective for the company from $51.00 to $55.00 in a report on Monday, May 1st. BidaskClub raised shares of US Ecology from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. BMO Capital Markets initiated coverage on shares of US Ecology in a report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 price objective for the company. Finally, Zacks Investment Research raised shares of US Ecology from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.60.
Shares of US Ecology (ECOL) traded down 1.44% on Friday, hitting $47.85. 49,487 shares of the stock traded hands. The stock’s 50 day moving average price is $51.75 and its 200 day moving average price is $50.17. The stock has a market cap of $1.04 billion, a P/E ratio of 37.41 and a beta of 0.67. US Ecology has a 52-week low of $38.00 and a 52-week high of $55.00.
The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 21st were given a $0.18 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.50%. US Ecology’s payout ratio is currently 56.25%.
In other US Ecology news, Director Stephen A. Romano sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $52.05, for a total value of $156,150.00. Following the transaction, the director now owns 28,395 shares of the company’s stock, valued at $1,477,959.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in US Ecology by 133,529.0% in the first quarter. BlackRock Inc. now owns 2,595,075 shares of the business services provider’s stock worth $121,579,000 after buying an additional 2,593,133 shares during the last quarter. Vanguard Group Inc. boosted its position in US Ecology by 3.3% in the second quarter. Vanguard Group Inc. now owns 1,181,278 shares of the business services provider’s stock worth $59,654,000 after buying an additional 37,488 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in US Ecology by 7.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,041,692 shares of the business services provider’s stock worth $52,605,000 after buying an additional 71,411 shares during the last quarter. JPMorgan Chase & Co. boosted its position in US Ecology by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 1,036,338 shares of the business services provider’s stock worth $48,552,000 after buying an additional 30,854 shares during the last quarter. Finally, Bares Capital Management Inc. boosted its position in US Ecology by 0.4% in the first quarter. Bares Capital Management Inc. now owns 838,838 shares of the business services provider’s stock worth $39,300,000 after buying an additional 3,351 shares during the last quarter. 85.51% of the stock is currently owned by institutional investors.
About US Ecology
US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.
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